Greg Heath

Overview

Greg Heath concentrates his practice in the representation of clients in mergers, acquisitions, divestitures, joint ventures, corporate restructurings, private equity financing and general corporate matters, with a particular emphasis on clients in the energy industry. Greg has primarily focused his practice on mergers and acquisitions, representing public and private clients, as well as strategic and financial buyers and sellers. Greg has represented clients in a wide range of transaction valuations, ranging from $5 million to more than $10 billion.

Greg Heath concentrates his practice in the representation of clients in mergers, acquisitions, divestitures, joint ventures, corporate restructurings, private equity financing and general corporate matters, with a particular emphasis on clients in the energy industry. Greg has primarily focused his practice on mergers and acquisitions, representing public and private clients, as well as strategic and financial buyers and sellers. Greg has represented clients in a wide range of transaction valuations, ranging from $5 million to more than $10 billion.

Representative Experience

Represented Tailwater Capital, LLC in the sale of Align Midstream, LLC to Enable Midstream Partners, LP for approximately $300 million

Represented Stronghold, Ltd. and Stronghold Specialty, Ltd. in the company’s acquisition by Quanta Services, Inc. for $450 million base consideration with a maximum additional contingent consideration of $100 million

Represented Main Street Capital Corporation in numerous equity and debt investments in a variety of industries

Represented Dover Corporation's fluids segment in its acquisition of Gala Industries and the assets of Reduction Engineering, both of which are engaged in the polymer and plastic processing markets

Represented Team, Inc. in its $250 million acquisition of the Qualspec Group, a leading provider of NDT inspection services

Represented Duke Energy in connection with the formation of a joint venture with Dominion Resources, Piedmont Natural Gas and AGL Resources to develop the Atlantic Coast Pipeline, a $5 billion natural gas pipeline project to transport natural gas from the Marcellus Shale and Utica Shale areas to Virginia and North Carolina

Represented NGL Energy Partners LP in multiple strategic acquisitions, including (a) its $890 million purchase of Gavilon, LLC, a midstream energy company that operates integrated crude oil storage, terminal and pipeline assets located in Oklahoma, Texas and Louisiana and several (b) several acquisitions in the water solutions segment

Represented Helix Energy Solutions Group in the $620 million sale of its oil and gas subsidiary to Talos Energy

Represented multiple private equity funds in oilfield services and midstream investments ranging from $20 million to $200 million

Represented target oilfield services and midstream companies in various private equity transactions ranging from $20 million to $350 million

Represented a publicly-traded industrial services company in multiple strategic acquisitions

Assisted in the representation of El Paso Corporation in the sale of its oil and gas exploration and production units in a $7.15 billion leveraged buyout to a private equity consortium led by Apollo Global Management

Assisted in the representation of C&J Energy Services, Inc. in its $272.5 million acquisition of Casedhole Holdings, Inc., a provider of cased-hole wireline and complementary services

Assisted in the representation of a public utility services holding company in its $8 billion acquisition of a public energy company and utility

Assisted in the representation of a public fertilizer manufacturing company in:

its unsolicited offer to purchase a competitor and related exchange offer and proxy contest

its defense against an intervening unsolicited takeover proposal from another competitor

its $4.7 billion acquisition of a competitor and related $1.1 billion common stock and $1.6 billion senior note offerings

Assisted in the representation of a public financial and commodities derivative exchange in its $11.5 billion acquisition of a competing exchange and its $10.6 billion contested acquisition of a competing exchange

Assisted in the representation of a public automobile insurance provider in its $1.9 billion going-private sale to a major international insurance company

A Locke Lord team led by Greg Heath and Jeannie Diep (both of Houston) represented Main Street Capital Corporation in a new portfolio investment in SI East, LLC, a newly formed entity formed to facilitate General Steel Drum, LLC's acquisition of North Coast Container Corporation.

A Locke Lord team represented a new management team at XCL Resources, LLC in an equity commitment from EnCap Energy Capital Fund XI, L.P. The Locke Lord team included Mitch Tiras, Greg Heath, Mechelle Smithand Sara Longtain (all of Houston).

A Locke Lord team led by Hunter Summerford represented WildHorse Resource Development Corporation (WRD) in the completed divesture of its North Louisiana assets to a third party for net proceeds of approximately $217 million.

A Locke Lord team represented Stronghold, Ltd. and Stronghold Specialty, Ltd. in the company’s acquisition by Quanta Services, Inc. for $450 million base consideration with a maximum additional contingent consideration of $100 million.

A Locke Lord team led by Terry Radney, Mitch Tiras and Hunter Summerford (all of Houston) represented WildHorse Resource Development Corporation in the acquisition of approximately 111,000 net acres in Texas and associated production from Anadarko Petroleum Corporation and affiliates of Kohlberg Kravis Roberts & Co. L.P. for $625 million.

Locke Lord represented Main Street Capital Corporation in the acquisition of NuStep, Inc. NuStep is the leading manufacturer of recumbent cross-trainers focused primarily on the physical therapy, physical rehabilitation and active aging markets.

A Locke Lord team led by Greg Heath (Houston) represented Main Street Capital Corporation, the parent company of Gulf Publishing Company, in the acquisition of Oildom Publishing Company of Texas, Inc. for an undisclosed sum.

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